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S&P 500 set for a run in the mid-earnings weeks, Jefferies says

Jefferies expects the third, fourth, and fifth weeks of the financial reporting period to support gains for the index.

Reported · Written up by our desk · Indices

MarketWatch reports that Jefferies sees the S&P 500 positioned to rise during the third, fourth, and fifth weeks of the financial reporting period.

The outlook is based on the pattern that has held in prior earnings cycles, with Jefferies arguing that those mid-reporting weeks tend to be supportive for the index.

Latest closeS&P 500 7,533.77 ▼0.5%

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